Intellipharmaceutics Intl. Inc. (IPCIF)

[wimuskyfisherman]

Yes, Purdue is going bye bye. But I really wonder if the Sackler family will end up paying out of their own pockets.

So where does this leave filings like Rexista? Rexista is supposed to be abuse deterrent... But what does abuse deterrent mean? The FDA does not even know. So now the FDA goes and forms a committee to develop guidelines for what abuse deterrent is. This will take years... And applications like Rexista will just sit in limbo for years...

The big question is how IPCI now stays in business? Who in their right mind will invest in them? And if they can find some scoundrel to help them with the offering, my guess is they sell 50M shares at $0.10 to net about $4M... So they will sell two thirds of the company to keep the lights on for another 3-4 months... How can the Odidi's look themselves in the mirror and tell themselves they are doing a good job? Or even an OK job...